HDFC Bank has reduced its overnight marginal cost of lending rate by 5 basis points to 8.65 percent from 8.70 percent. The bank has also reduced its one month lending rate to 8.70 percent from 8.75 percent earlier. The new rates are effective from 7th December, 2016.

HDFC Bank has announced a partnership with Suzuki Motorcycles to offer up to 100 percent finance on purchase of Suzuki two wheelers. The offer is available to government employees and HDFC Bank account holders.

24th Nov 16 HDFC Bank will accept payments through UPIs

HDFC Bank has decided to accept payments through digital payment system known as Unified Payment Interface (UPI). UPI helps the customers transfer amount through bank account number, IFSC code etc. HDFC Bank has its own digital wallet application called Payzapp.

Honda cars announced its collaboration with HDFC, Axis and ICICI Banks to facilitate 100 percent funding of cars. ICICI will offer loans up to 100 percent of ex-showroom prices at 9.75 percent rate. HDFC will offer loans up to 100 percent of on road prices for all Honda cars except Honda CR-V and Axis Bank will offer loans up to 100 percent of on-road price for 8 years for all central government employees with salary of more than Rs. 25,000 per month.

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